All remaining income is invested for Olivia’s college education or put into the family’s savings
account. The family would like to be able to pay for at least 2 years of Olivia’s college tuition.
Their goal is to have enough money in Olivia’s education account by the time she is 18 years old.
Because the Martinez family does not have any idea of how much the current average annual tuition
is for 4-year in-state universities, they need your help in determining how much money they will
need to reach their goal. They are also interested in knowing how much they will need to invest per
month to reach their goal for Olivia’s education. From an investing standpoint, both John and
Frieda have a moderately conservative risk tolerance